Omni-Lite Industries Canada (OTCMKTS:OLNCF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.14 and traded as high as $1.40. Omni-Lite Industries Canada shares last traded at $1.3760, with a volume of 22,902 shares.

Omni-Lite Industries Canada Price Performance

The stock has a market capitalization of $24.46 million, a P/E ratio of 39.51 and a beta of 0.50. The company has a fifty day moving average of $1.15 and a two-hundred day moving average of $1.10.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last posted its quarterly earnings results on Wednesday, May 27th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. Omni-Lite Industries Canada had a return on equity of 2.72% and a net margin of 2.59%.The business had revenue of $4.38 million for the quarter.

Omni-Lite Industries Canada Company Profile

Omni-Lite Industries Canada, trading under the symbol OLNCF on the OTC Markets, is a designer and manufacturer of advanced polymer composite and carbon-fiber components for military, industrial and specialty vehicle applications. The company’s proprietary Fiber-Weld™ polymer composite wheel assemblies offer substantial weight savings, superior fatigue life and corrosion resistance compared with conventional steel wheels. In addition to its core wheel products, Omni-Lite produces carbon-fiber drive shafts, structural cross-members and custom injection-molded components engineered for demanding environments.

Founded in 1988 and headquartered in Mississauga, Ontario, Omni-Lite maintains production facilities in both Canada and the United States.